| Indian economy to grow 7 to 7.5% in 2011-12 fiscal: PM |
| Last Updated(Beijing Time):2012-02-03 16:42 |
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Indian Prime Minister Manmohan Singh said Friday India's economic growth will decline to from 7 to 7.5 percent in the current financial year ending March 31, 2012.
The GDP growth of India in 2010-11 fiscal year was 8.4 percent.
"Growth in the current fiscal year is likely to be lower, between 7 and 7.5, in a large measure due to the continuing uncertainty in the global economic environment," the prime minister told an official meeting here.
Addressing a conference of chief secretaries of the country here, Singh said, "our economy grew at the rate of 8.4 percent in 2010-11. This was a creditable performance when seen in the background of a crisis-ridden world economy." |
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